Petroleum & South Korea
27 shared events · Importance 8 · Last updated May 09, 2026
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International
Petroleum: The price of Petroleum has surged due to the Iran war, directly impacting gasoline, diesel, and jet fuel prices globally.
South Korea: South Korea is a significant plastic user in Asia, and its companies like Yonwoo and Gaone International are directly impacted by the plastic supply disruptions, with some benefiting and others struggling.
Apr 15, 2026 · 59 articles
International
Petroleum: Petroleum prices have surged above $100 per barrel due to the Iran war and the closure of the Strait of Hormuz, leading to higher costs across multiple sectors.
South Korea: South Korea delivered its fastest growth in nearly six years due to a jump in chip exports, benefiting from the global surge in AI investment, making it an outlier to the general economic downturn.
Apr 08, 2026 · 307 articles
International
Petroleum: Petroleum prices held their steep losses, reflecting market hopes for a deal to end the war and stabilize global energy markets, which were rattled by the Strait of Hormuz chokehold.
South Korea: South Korea is involved as its cargo ship, HMM Namu, was allegedly attacked, and it is urged by the United States to join efforts to restore shipping in the Strait of Hormuz.
May 07, 2026 · 10 articles
International
Petroleum: Petroleum prices jumped due to the US-Iran clashes in the Strait of Hormuz, reversing recent declines and reflecting increased geopolitical risk.
South Korea: A South Korean ship, HMM Namu, suffered an explosion and fire in the Strait of Hormuz, indicating the risk to international shipping.
May 04, 2026 · 46 articles
International
Petroleum: Petroleum prices fell due to hopes of a deal to reopen the Strait of Hormuz, directly impacting global energy markets.
South Korea: South Korea, a major importer of crude through the Strait of Hormuz, has capped prices of petroleum products due to disruptions caused by the conflict.
May 04, 2026 · 139 articles
International
Petroleum: The Iran war has caused spiking gasoline prices and increased costs for petroleum-derived products, as crude oil is a fundamental component for fuel and over 6,000 consumer products.
South Korea: South Korea's Kospi index soared to a record high, driven by expectations of strong growth in artificial intelligence, benefiting its major chipmakers.
Apr 22, 2026 · 43 articles
International
Petroleum: Petroleum has surged due to the closure of the Strait of Hormuz, reflecting the severe shock to global energy supplies. Its volatility is directly tied to developments in the conflict.
South Korea: A South Korean cargo ship, HMM Namu, caught fire near the Strait of Hormuz, leading to accusations from Donald Trump against Iran, which Iran denied.
Apr 11, 2026 · 283 articles
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